WPP (LON:WPP) Trading Down 15.6% – Here’s Why

Shares of WPP plc (LON:WPP) traded down 15.6% during trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 650 ($8.24). 44,890,617 shares traded hands during trading, an increase of 1,216% from the average session volume of 3,411,049 shares. The stock had previously closed at GBX 770.20 ($9.77).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on shares of WPP from GBX 1,040 ($13.19) to GBX 960 ($12.18) and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

WPP Price Performance

The company has a 50-day moving average of GBX 775.33 and a 200 day moving average of GBX 783.46. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The stock has a market capitalization of £7.05 billion, a PE ratio of 34.55, a PEG ratio of 13.47 and a beta of 1.13.

Insider Activity

In other news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.91), for a total transaction of £75,628.40 ($95,914.27). Company insiders own 0.22% of the company’s stock.

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

At WPP we’re reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.